MMM Nigeria will
introduce the popular cryptocurrency, Bitcoin
as part of its mode of payment when it re-opens by this weekend. This is coming
as one of the innovative actions to make the Ponzi-scheme popular among
Nigerians again.
Prior to the
freeze of MMM, participants were allowed to provide help in bitcoin, but they
were paid back in naira whenever they request to get help. MMM new plan will
allow participants to receive payment in bitcoin, and watch their monies grow
in bitcoin.
In a statement
to participants, MMM said “due to the recent sharp price fluctuations of
Bitcoin, MAVRO-BTC is being introduced in the system.
“So far, we have only had Mavro-Naira in the
system. Even though you provided help via Bitcoin, your Bitcoins, anyway, were
recalculated into the Naira at the exchange rate at the moment of providing
help, and you were credited with Mavro-Naira in your PO.
“It was the
naira amount that grew. In other words, you received 30 percent a month specifically
in naira (not in Bitcoins, although you originally provided help using
Bitcoins).
“Now, you have a
chance to have 30 percent growth of the Bitcoin amount, not the naira amount.
So, acquire MAVRO-BTC which will be credited in your PO and will grow at a 30
percent monthly growth rate.
“In a month not
only 30 percent will be added to your initial amount, but, it can increase
itself due to Bitcoin price growth.
“And, what if
Bitcoin price is going to fall? In case Bitcoin price might go down, you will
be able to return to naira at any time — instantly convert your MAVRO-BTC into
Mavro-Naira (and vice versa, if Bitcoin price might increase again).
“This option is
available in PO. You can convert both confirmed and unconfirmed Mavro.
“We hope that
with implementing MAVRO-BTC, your participation in MMM will become more
comfortable!”
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